Condense Reality Ltd
11913233
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/03/2025
total exemption full
Next accounts due
31/12/2026
Confirmation statement
Last: 03/11/2025
Due 17/11/2026
Industry
Officers
director · Since 21/07/2020
COMPANY DIRECTOR
BRITISH · WALES · Age 52
Also on 2 other boards
Persons with Significant Control
Former PSCs
Mr Nicholas Campbell Fellingham
Ceased 08/12/2021
Dr Oliver Moolan-Feroze
Ceased 08/12/2021
Mr Daniel Fairs
Ceased 08/12/2021
CompanyRankvs 36000+ SIC 62012 peers29
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going
Key FinancialsYear ending 31/03/2025
Net Worth
-£588k
Balance sheet strength
Cash
£137k
Cash in the bank
Net Current Assets
-£627k
Working capital
Current Assets
£211k
Current Liabilities
£837k
Fixed Assets
£52k
Debtors
£74k
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.25 | -£731k |
| 2024 | 1.18 | -£996k |
| 2023 | 8.90 | -£1.9M |
| 2022 | 31.75 | — |
| 2021 | 5.49 | — |
| 2020 | 0.10 | — |
Derived from filed accounts. Not audited figures.